Day: October 4, 2020

Yearn.finance (YFI) Incurs Massive Selloff as Analyst Targets Crash to $6,000

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Yearn.finance’s price has been caught within the throes of an intense downtrend throughout the past week, which came about due to various factors. The weakness seen throughout the aggregated DeFi sector certainly contributed to the decline Yearn.finance’s governance token – called YFI – has seen as of late, but it appears to have been sparked by the controversy surrounding a project that the YFI founder is creating called Eminence. Following multiple teasers Yearn.finance’s creator – Andre Cronje – shared on Twitter regarding the project, savvy users found the token contract…

Crypto Long & Short: Coinbase’s ‘Apolitical’ Stance Isn’t Nearly as Simple as It Sounds

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As if the ructions of the year aren’t giving us enough cause to re-examine things we thought we understood, now we find ourselves questioning what a company is for, and what role it should occupy in society and in employees’ lives.  Earlier this week, Coinbase co-founder and CEO Brian Armstrong published a post in which he stressed the company’s focus on the mission of creating “an open financial system for the world,” and asked that political issues be left out of workplace discourse.  The questions this raises are huge, and…

Yearn.finance (YFI) Nosedives 17% as DeFi Yields Dry Up

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Yearn.finance (YFI) has faced a strong rejection in the past 24 hours. The leading cryptocurrency, based on Ethereum, has shed 17% in the past 24 hours. This makes it the worst performer in the top 100 cryptocurrencies, strongly underperforming Bitcoin’s 0.5% gain in the past 24 hours. The strong drop in the decentralized finance-focused coin comes amid a strong drop in the yields that users of Yearn.finance’s Vault products can make. The yields are partially responsible for the drop as high yields allow holders of YFI to obtain more fees…

After Silent Hill, 5 Classic Games Konami Needs to Revive

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Konami has re-released some classic games on PC lately. Metal Gear Solid and Castlevania games are on the list of games already available via GOG. Here are five other great games that could do with being ported to PC. Konami has been re-releasing a slew of games to PC lately. It all started with rumors of a Metal Gear Solid PC rerelease that turned out to be very true. Since then, Konami has also gone on to release the PC port of Silent Hill 4: The Room, a game originally…

Top 5 cryptocurrencies to watch this week: BTC, ADA, XMR, ATOM, VET

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Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move. Investors are concerned about the stability of the cryptocurrency market after it was faced with a flurry of adverse news in the past few days. Fortunately, the markets have matured to the extent that negative news no longer provokes wild price swings like they once did in crypto’s early days. The current stability shows that institutional investors do not consider the recent KuCoin hack, CFTC and DOJ charges…

Bitcoin Pushes $10,700 as Market Shakes Off BitMEX, President Trump News

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The Bitcoin market is shaking off the strong correction to $10,400 last week. The leading cryptocurrency currently trades for $10,700, a few percent above those lows as buyers come in ahead of the legacy market open on Sunday. In the past 24 hours, Bitcoin is up a healthy 1%, allowing it to actually outperform a swath of altcoins like Ethereum, XRP, and Litecoin. BTC’s move higher comes in the face of a series of bearish news events that include but are not limited to the $280 million hack of KuCoin,…

BitMEX charges, Bitcoin stays calm, KuCoin ‘identifies’ hack suspects

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Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   CFTC charges BitMEX with illegally operating derivatives exchange The U.S. Commodity Futures Trading Commission has charged the derivatives exchange BitMEX with operating an unregistered trading platform and violating Anti-Money Laundering regulations. A civil enforcement action has been filed against five entities and three individuals who allegedly own and operate the exchange — including BitMEX CEO Arthur Hayes. The CFTC is accusing the exchange of…

Former EU Parliament Member Godfrey Bloom Who Calls Banking System a Scam Bought His First Bitcoin

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Former Member of the European Parliament Godfrey Bloom has bought his first bitcoin. The British politician is famed for numerous controversial views, such as calling the entire banking system a scam and the state an institution of theft. Godfrey Bloom Now Owns Bitcoin Godfrey Bloom is a British politician who served as a Member of the European Parliament (MEP) for Yorkshire and the Humber from 2004 to 2014. He was elected for the U.K. Independence Party but later served as an Independent. Bloom has also published six books on military…

The Web Wasn’t Built For Privacy – But It Could Be

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Privacy means different things to different people. To some, it’s secrecy. To others, it means anonymity. To some others, it’s associated with criminality.  But privacy is really about power.  When the web was invented, its openness was key. “The dream behind the Web is of a common information space in which we communicate by sharing information,” Tim Berners-Lee, inventor of the World Wide Web, wrote in 1997. “Its universality is essential: the fact that a hypertext link can point to anything, be it personal, local or global, be it draft…

27-Year-Old Ally Brooke Deserves Respect as a Proud Virgin

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Fifth Harmony singer Ally Brooke has a vow of chastity until marriage. There are other celebrities who have made the same vow. The singer’s confession is to empower people to maintain their virtues but has met with undeserved criticism. The music industry has exploited singers’ sex appeal, making Ally Brooke a worthy exception. Ally Brooke has released her memoir, “Finding Your Harmony,” where she speaks of her rise to fame. The memoir reveals her status as a virgin at the age of 27, which the singer has reiterated. She’s not…